Investment adviser · CRD 154249

VALUEACT CAPITAL MANAGEMENT, L.P.

Investment adviser filing (IA)

SAN FRANCISCO, CA, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $11.3B
Client accounts: 18
Employees: 31
Advisory professionals: 12

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	18	$11,281,197,574	100.0%

Filing source

Form ADV 2063686 · Mar 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

13 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

VALUEACT CAPITAL MASTER FUND, L.P.Hedge Fund · Last reported Mar 30, 2026$9BGross asset value

Feeder funds

Fund administrator INTERNATIONAL FUND SERVICES (N.A.) LLC BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICE WATERHOUSE COOPERS, LLP SAN FRANCISCO, California, United States

Custodian BARCLAYS BANK PLC LONDON, United Kingdom Related to adviser: No

Custodian ESHARES, INC. DBA CARTA, INC. SAN FRANCISCO, California, United States Related to adviser: No

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian GOLDMAN SACHS INTERNATIONAL LONDON, United Kingdom Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC SAN FRANCISCO, California, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Custodian UBS AG ZURICH, Switzerland Related to adviser: No

Marketer AFFILIATED MANAGERS GROUP (HONG KONG) LIMITED HONG KONG, Hong Kong Related to adviser: No

Marketer AFFILIATED MANAGERS GROUP LIMITED LONDON, United Kingdom Related to adviser: No

Marketer AFFILIATED MANAGERS GROUP PTY LTD SYDNEY, Australia Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC SAN FRANCISCO, California, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

PRICE WATERHOUSE COOPERS, LLP
PCAOB 238

BARCLAYS BANK PLC
LEI 2549003Q5J2G7ALNU316

GOLDMAN SACHS & CO. LLC
SEC 8-129

GOLDMAN SACHS INTERNATIONAL
LEI W22LROWP2IHZNBB6K528

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MORGAN STANLEY & CO. LLC
SEC 8-15869

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN572

UBS AG
LEI BFM8T61CT2L1QCEMIK50

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-8340114695
Reported beneficial owners: 244
Minimum commitment: $5M
Form D file number: 021-100109
Form D file number: 021-100226
Form D file number: 021-100247
Form D file number: 021-100284
Form D file number: 021-419279

Form ADV 2063686 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

VALUEACT JAPAN MASTER FUND, L.P.Hedge Fund · Last reported Mar 30, 2026$1.86BGross asset value

Feeder funds

Fund administrator INTERNATIONAL FUND SERVICES (N.A.) LLC BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICE WATERHOUSE COOPERS, LLP SAN FRANCISCO, California, United States

Custodian BARCLAYS BANK PLC LONDON, United Kingdom Related to adviser: No

Custodian CITIBANK, N.A. TOKYO BRANCH TOKYO, Japan Related to adviser: No

Custodian CITIGROUP GLOBAL MARKETS LIMITED LONDON, United Kingdom Related to adviser: No